The prices in real estate in Orinda, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Orinda has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,416. In the following month the price per sq.feet decreased considerably to $679. The price for the following two months in (January, February) had a considerable decrease of 36 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 44 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,735.25 to $757.5 during March, and April.
Based upon to the price in Orinda (cities), these have remained the same in the last 6 months. The average price for November is $2,006,279. During December the price had a slight fall till $1,901,444. In the following two months the average price has remained the same with regard to the previous two months from $1,953,861.5 to $1,962,280.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,127,528 they are 12 % more affordable than the average price for Orinda. The properties with the highest average price have 1 bedroom, Their price is 3 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,871,032.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $1,006 / sq.feet, with an average $875 / sq.feet price in Orinda. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,006 / sq.feet.
With regard to the average price based upon the property in Orinda we can see that the cheapest property type is "House" at a price of $1,871,032, they are 12 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 12 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $1,006 / sq.feet. "House" at an average price of $1,006 / sq.feet has the most expensive price and would be directed at more affluent cities.